At the beginning of the current period, Larkspur Corp. had balances in Accounts Receivable of $$202,700$ and in Allowance for Doubtful Accounts of $$9,200($credit$).$ During the period, it had net credit sales of $$744,100$ and collections of $$829,950.$ It wrote off as uncollectible accounts receivable of $$7,798.$ However, a $$2,979$ account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $$26,820$ at the end of the period. $($Omit cost of goods sold entries.$)$

$(a-d)$

Your answer is correct.

$($a$)$ Prepare the entries to record sales and collections during the period.

$($b$)$ Prepare the entry to record the write$-$off of uncollectible accounts during the period.

$($c$)$ Prepare the entries to record the recovery of the uncollectible account during the period.

$($d$)$ Prepare the entry to record bad debt expense for the period.

$($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

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Using the following information,

What is the net realizable value of the receivables at the end of the period?

Net realizable value of the receivables at the end of the period

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